Sudan: Market for Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines 2024

Market Size for Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines in Sudan

In 2021, the Sudanese fuel or lubricating pump market decreased by -35.3% to $X for the first time since 2017, thus ending a three-year rising trend. In general, consumption, however, saw noticeable growth. Over the period under review, the market hit record highs at $X in 2020, and then declined rapidly in the following year.

Exports of Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines

Exports from Sudan

In 2021, overseas shipments of fuel, lubricating or cooling-medium pumps for internal combustion engines decreased by -50% to X units, falling for the second year in a row after two years of growth. Overall, exports saw a sharp shrinkage. The most prominent rate of growth was recorded in 2018 when exports increased by 1,100% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, fuel or lubricating pump exports declined to $X in 2021. In general, exports continue to indicate a precipitous curtailment. The pace of growth was the most pronounced in 2018 when exports increased by 2,811% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Uzbekistan (X units) was the main destination for fuel or lubricating pump exports from Sudan, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Uzbekistan was relatively modest.

In value terms, Uzbekistan ($X) emerged as the key foreign market for fuel, lubricating or cooling-medium pumps for internal combustion engines exports from Sudan, comprising 76% of total exports. The second position in the ranking was taken by Russia ($X), with a 9.4% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Uzbekistan was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-31.2% per year) and South Korea (-43.2% per year).

Export Prices by Country

In 2021, the average fuel or lubricating pump export price amounted to $X per unit, with an increase of 65% against the previous year. Over the period under review, the export price posted a significant expansion. The growth pace was the most rapid in 2020 an increase of 661% against the previous year. The export price peaked in 2021 and is likely to see steady growth in the near future.

Prices varied noticeably country of destination: the country with the highest price was South Korea ($X per unit), while the average price for exports to Russia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+140.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines

Imports into Sudan

In 2021, purchases abroad of fuel, lubricating or cooling-medium pumps for internal combustion engines decreased by -48.3% to X units for the first time since 2017, thus ending a three-year rising trend. In general, imports, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2018 when imports increased by 172%. Over the period under review, imports attained the maximum at X units in 2020, and then shrank remarkably in the following year.

In value terms, fuel or lubricating pump imports dropped markedly to $X in 2021. Overall, imports, however, continue to indicate a notable increase. The pace of growth appeared the most rapid in 2018 with an increase of 178%. Imports peaked at $X in 2020, and then declined notably in the following year.

Imports by Country

In 2021, China (X units) constituted the largest fuel or lubricating pump supplier to Sudan, accounting for a 46% share of total imports. Moreover, fuel or lubricating pump imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X units), twofold. The third position in this ranking was held by India (X units), with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +12.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+49.9% per year) and India (-1.7% per year).

In value terms, the largest fuel or lubricating pump suppliers to Sudan were China ($X), the United Arab Emirates ($X) and Turkey ($X), together accounting for 70% of total imports.

In terms of the main suppliers, the United Arab Emirates, with a CAGR of +56.9%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average fuel or lubricating pump import price stood at $X per unit in 2021, growing by 53% against the previous year. Overall, the import price, however, saw a deep downturn. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Turkey ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+4.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :